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Philip Haydn Slater, Chairman, said:
"We are disappointed with how some of our investments have performed in recent months.
More generally, small investment companies listed on AIM have become increasingly less attractive to investors.
Perhaps Slater and Lee should consider why small investment companies listed on AIM have become increasingly less attractive to investors when they have decimated the SP at RGO while taking their fat salaries and failing PI's.
THEY are disappointed by the performance of some of the investments THEY MADE.
IF they had made better investments and stopped talking B***S*** the SP would be much higher and more attractive to investors...........
Very simple to understand really, although I find it difficult to understand why the directors of RGO cannot grasp this and blame everything else but themselves. It is the same with Lee at Mindflair (after the latest name change)
They obviously think us PI's are mugs just to pay their fat salaries for their continued failure. Indeed, we are mugs for believing their B******* in the first place.
Slater and Lee should do the decent thing and step down and hand over the running of the company to someone more competent.
CTSFO - Totally agree, far to much of incredible sequences of coincidences!!!!!!!!!!!!!!!!!!!
Definitely one for the FCA to look into if enough of us report it.
Kong1
What part of my post is untrue? or in simple terms for you to understand - is dribble?
Yes Shearer started the ball rolling and as you admit, he has made mistakes. The major issue is he is still making the mistakes, continuously failing to deliver, damaging his and the companies reputation and lack of trust. Why did he take the CLN? Why is he now struggling to raise funds? Why are court proceeds being started over the CLN?
Perhaps if you got off your fat a**e and faced reality, you wouldn't come across as the uneducated simpleton and bully that you are.
If I want to sell up, I will, not on the instruction from the likes of you.
If I think Shearer should be replaced, I am entitled to say so.
Now off you trot and stop trying to belittle others that have a different opinion to you or in simple terms for you to understand - grow up and respect others point of view.
The main issue with TNT is Richard Shearer.
He treats us investors with contempt and disrespect. He acknowledged this in the last Q&A session saying matters would improve! It has actually got worse.
He also stated the Q&A would take place on a monthly basis. The last one and only one was end of March. No Q&A for April or May. Another failure to deliver - he is probably to embarrassed by his actions to verify them.
He also stated he thought it was good to secure money from different sources with regard to the CLN - This statement beggars believe and highlights Shearer's arrogance and incompetence. He fails to see or admit the CLN crashed the share price and the 21 days to settle the matter past two weeks ago and still Shearer keeps us in the dark with regard to what is happening with the CLN. . Obviously not good news or he would have been crowing about it. This also makes it more difficult to raise funds. Highly likely why the £2m has not arrived.
Yes, the team assembled is impressive, but have they fallen for Shearer's bulls**t as well?
The HNW investors paid over £11 per share on Shearer's word. Despite what Shearer says, who would be happy seeing a 90% reduction on there investment.
It is my personal opinion that Shearer should step aside and let someone with more experience, who can deliver on what they say, run TNT.
GLA
MHL2020 - Further shows Shearer's arrogance and disrespect to us share holders.
Shearer also said about monthly live Q&A sessions going forward on 15 March 2023 during the first live Q&A session to improve communications with investors/share holders.
Here we are 31 May, 2.5 months later and surprise surprise - Shearer has failed to delivery again. Shows his contempt for us investors/share holders. Although, on a positive note, the longer he keeps quite on his promises, the less he can fail to deliver.
Will he ever learn???????????????
RKBeekeeper, You might want to mention to them that they stated on Twitter:
We are honoured to today join a select group of 50 businesses including Meta, Amazon, Google,
Yet on the RNS released at lunch time they state:
Tintra joins over 150 companies in this initiative, including such giants of the tech industry as Microsoft, Meta, Apple and Google.
Difference of 100 - School boy err0rs again.
New uncle - it would still be same problem in the USA with the CLN's still in place unfortunately.
PI's are not the problem, it's the CLN's.
Shearer stated he wants to be more transparent with PI's and admitted communication had been poor. Respect to him for that.
He also stated they were close with 6 other funders, yet has no intention of repaying the CLN's. Indeed, he even stated he thought it was a good idea to have a diverse mix of shareholders, which is complete and utter bulls**t and treating PI';s with contempt, proving, that It fails to register with Shearer, that when he announced the CLN's it crashed the SP and investor confidence and it has failed to recover since and will most certainly not recover until the CLN's are dealt with, yet he is happy with this.
It deeply concerns me as a PI (and I'm sure most PI's on this BB) that Shearer fails to understand that CLN's sends a massive signal to us PI's that a company is in trouble. He seems completely oblivious that when we start trading on the US market, potential investors will see the CLN's and run a mile.
Wake up Shearer.
The above is AIMO.
GLA
I should imagine the vast majority of questions relate to the CLN and hopefully Shearer will answer them, although he will no doubt cherry pick the questions.
On a positive note, as previously stated, he would not willingly put his head on the block, so I anticipate good news and possibly a RNS first thing.
GLA
Sorry, should have read:
OBNC, I bought 3 times last week and NONE were shown on here or ADVN.
?????????
OBNC, I bought 3 times last week and were shown on here or ADVN.
?????????
Totally agree elmstterino. Shearer would not put his head on the block if it was bad news.
RS yet again has missed another deadline he set himself - Q&A session in February 2023 - nothing!
He is probably too embarrassed to hold a Q&A session anyway because of his schoolboy errors and continued failure to meet time scales he sets himself and the contempt he treats PI's with.
RS took the premium investors cash and then kicked them and PI's straight in the b*****ks with the CLIN.
What other premium investors would trust him now?
The expected £15 million investors probably saw this and pulled the plug on RS.
The only way out is for Shearer to pay off the CLIN.
I have to agree with you MHL. RS has made too many over excited schoolboy errors and failed to deliver on most occasions, losing investor confidence. He is even quite arrogant to PI's. His comments about not being bothered about the day to day share price is very ignorant and insulting to those already invested. He doesn't seem to grasp that it is easier to raise funds if the share price is doing well and investors have confidence, instead of treating us PI's with contempt and continued false promises of failing to deliver on time.
I personally have absolutely no doubt RS will not have a Q & A session before the end of February as he will be aware that most questions will be about his schoolboy errors and false promises of failing to deliver on the time scales he sets, to which he has assumedly (or more Bull***e) no answers and the use of a CLN to decimate the SP.
I was initially very confident about Tintra, but I now have very serious reservations, because of Shearers conduct, which has turned Tintra in to a traders dream share. I am holding at the moment to see what develops and await Shearers next statement.
All is in my personal opinion.
GLA
Assumedly the 'blanco' part in your name refers to your brain!!
Uneducated simpleton.
It's there as a sell. Why is it not shown on this trade site?
My buy this morning of £4999 not showing. Market manipulation?
Very positive RNS. In particular:
With our funding round close to completion, on terms materially in line with those previously indicated before the end of November, we now are moving into the deep work phase where we make innovative, valuable, and material leaps that will in time revolutionise banking across the emerging world as we use Artificial Intelligence to bring Real Change™.